Canadian Gold Coins - Have A Prosperous Future By Investing Today
Precious metals have been effective for hundreds of years as a solid type of money. With present economic instability in global markets Gold is one of the best ways to diversify your portfolio and defend your wealth. Second only to American Golden Eagle Coins are Canadian gold coins and specifically the Canadian Gold Maple Leaf.
Canadian gold coins are minted via the Royal Canadian Mint which boasts to producing one of the world's most popular gold bullion coins in the Canadian Maple Leaf. This much wanted coin is nearly 24 karats or 99.99% pure gold. The Canadian Government guarantee the coin for its gold content and legitimacy ensuring an extremely liquid and international marketplace.
The Canadian Gold Maple Leaf coin was initially struck in 1979 and it's only direct competition in the gold bullion coin market was the Krugerrand. The kruggerand struggled in the markets as a result of the boycott of the then South African political position, and so helped the Maple Leaf establish itself as global market leader, a grip the coin still maintains today.
The Canadian Government guarantees that the various denominations of the Maple Leaf contain the stated amount in troy ounces of .9999 fine gold. The coins have face values of $1, five dollars, $10, $20 and $50 and are legal money in Canada. Back in 1988 the Maple Leaf was also struck in platinum and has identical face values and weights as their gold counterparts. Since then a .9999 silver $5 maple leaf and a .9995 1oz $50 palladium coins have also been struck.
If you are fortunate enough to possess the funds the Royal Canadian Mint does offer by special order a Gold Maple Leaf with a face value of one million dollars, but the gold content is close in worth to two million dollars. Unconfirmed reports state that the Canadian Mint has received 5 orders for the coins at around $3.5 million a piece.
In volatile monetary times it is especially important to safeguard your portfolio and buying gold bullion is a good way to hedge against inflation. By purchasing Canadian gold coins not just do you invest in a market not usually subject to similar volatility as more established investments you invest in a precious metal of utmost splendor and scarcity.